Exhibit 99.1


pressreleaseheadera02.jpg
Boeing Reports Strong Second-Quarter; Generated Robust Cash; Raises Revenue Guidance
Revenue increased to $24.3 billion reflecting 194 commercial deliveries and higher defense and services volume
GAAP EPS of $3.73 and core EPS (non-GAAP)* of $3.33 on solid execution across the company
Strong operating cash flow of $4.7 billion; repurchased 8.6 million shares for $3.0 billion
Backlog grew to $488 billion, including nearly 5,900 commercial airplanes
Cash and marketable securities of $9.8 billion provide strong liquidity
Raised revenue and updated segment margin guidance
Table 1. Summary Financial Results
 
Second Quarter
 
 
 
First Half
 
 
(Dollars in Millions, except per share data)
 
2018
 
2017
 
Change
 
2018
 
2017
 
Change
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 

$24,258

 

$23,051

 
5
 %
 

$47,640

 

$45,012

 
6
%
 
 
 
 
 
 
 
 
 
 
 
 
 
GAAP
 
 
 
 
 
 
 
 
 
 
 
 
Earnings From Operations
 

$2,710

 

$2,530

 
7
 %
 

$5,585

 

$4,736

 
18
%
Operating Margin
 
11.2
%
 
11.0
%
 
0.2
  Pts
 
11.7
%
 
10.5
%
 
1.2
 Pts
Net Earnings
 

$2,196

 

$1,749

 
26
 %
 

$4,673

 

$3,328

 
40
%
Earnings Per Share
 

$3.73

 

$2.87

 
30
 %
 

$7.88

 

$5.41

 
46
%
Operating Cash Flow
 

$4,680

 

$4,949

 
(5
)%
 

$7,816

 

$7,047

 
11
%
Non-GAAP*
 
 
 
 
 
 
 
 
 
 
 
 
Core Operating Earnings
 

$2,393

 

$2,173

 
10
 %
 

$4,903

 

$4,033

 
22
%
Core Operating Margin
 
9.9
%
 
9.4
%
 
0.5
  Pts
 
10.3
%
 
9.0
%
 
1.3
 Pts
Core Earnings Per Share
 

$3.33

 

$2.49

 
34
 %
 

$6.97

 

$4.67

 
49
%
* Non-GAAP measures. Complete definitions of Boeing’s non-GAAP measures are on page 7, “Non-GAAP Measures Disclosures.”     
CHICAGO, July 25, 2018 – The Boeing Company [NYSE: BA] reported second-quarter revenue of $24.3 billion reflecting higher commercial deliveries and mix, defense volume and services growth (Table 1). GAAP earnings per share increased to $3.73 and core earnings per share (non-GAAP)* increased to $3.33 reflecting solid execution across the company. Results also reflect a charge related to the previously announced Spirit litigation outcome ($0.21 per share). Boeing delivered strong operating cash flow of $4.7 billion, repurchased $3.0 billion of shares, and paid $1.0 billion of dividends.
The company's revenue guidance increased $1 billion to between $97.0 and $99.0 billion, driven by defense volume and services growth. Commercial Airplanes margin guidance is increased to greater than 11.5% on strong performance and Defense, Space & Security margin guidance was adjusted to reflect the impact of cost growth on the KC-46 Tanker program.
“We are seeing the results of our One Boeing approach as our teams work together across the Boeing enterprise to deliver value to our customers and grow our business.  In the quarter, we generated improved revenue and earnings, delivered strong cash and captured $27 billion in new orders,” said Boeing Chairman, President and Chief Executive Officer Dennis Muilenburg.

1

The following information was filed by Boeing Co (BA) on Wednesday, July 25, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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